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Stock impact report

Glu Mobile Surged on Earnings: Is It Time to Believe in the Turnaround? [The Motley Fool]

GLU MOBILE (GLUU) 
Last glu mobile earnings: 2/5 04:02 pm Check Earnings Report
Company Research Source: The Motley Fool
Glu Mobile ( NASDAQ:GLUU Shares will fluctuate in the short term. However, with the company on a clear path to profitability and the upcoming release of what should become a major new franchise, Glu Mobile is delivering the earnings and gaming growth that should ensure the stock's future. Still attractive after the post-earnings surge The company behind franchises such as Design Home, Covet Fashion, Tap Sports Baseball IMAGE SOURCE: GETTY IMAGES. Admittedly, investors will pay a bit of a premium buying into the stock right now. Glu Mobile trades at 8 times forward earnings estimates as of this writing, while analysts predict earnings will grow about % annually over the next five years. However, investors still have reasons to buy, at least for the long term. Glu Mobile has the backing of China's Tencent OTC:TCEHY .% stake Data by YCharts A future that hinges on mobile gaming's growing popularity The video game industry is crowded with smaller rivals like Zynga Activision Blizzard Elec Show less Read more
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